Property Taxes are different for each County in Hawaii.  There are also Homeowner Exemptions.

REAL PROPERTY TAX RATES

FOR THE CITY AND COUNTY OF HONOLULU

FISCAL YEAR JULY 1, 2019 TO JUNE 30, 2020

 

Tax Rate Per $1,000

Net Taxable Real Property Value

Class (A)

Residential

$ 3.50

Class (B)

Hotel and resort

$13.90

Class (C)

Commercial

$12.40

Class (D)

Industrial

$12.40

Class (E)

Agricultural

$ 5.70

Class (F)

Preservation

$ 5.70

Class (G)

Public service

$ 0.00

Class (H)

Vacant agricultural

$ 8.50

Class (I)

Residential A (Properties without a Home Exemption)

Tier 1:

 

 

$ 4.50

 

Tier 2:

$10.50

Residential A must be assigned to the following two tiers based on the valuation of the property:

 (1)   Residential A Tier 1 tax rate: applied to the net taxable valuation of the property up to $1,000,000; and

 (2)   Residential A Tier 2 tax rate: applied to the net taxable valuation of the property in excess of $1,000,000.

Taxes are calculated by deducting the Home Exemption amount from the Assessed Value first if applicable and then dividing the balance of the Assessed Value by $1,000. Then multiply the balance by the appropriate tax rate above.  For Example:

     

Assessed Value:

$1,000,000

Home Exemption:

  ($100,000)

Balance:

   $900,000

Residential Class A:

x       $3.50

Tax for the Year July 1 to June 30:

       $3,150